WEBCE COMMERCIAL LINES ONE
HUNDRED EXAMINATION PREP
QUESTIONS ANSWERS EXPERT
VERIFIED
⩥ Which of the following is not included on the Common Policy
Declarations? Answer: policy changes
⩥ Which of the following is not included in the Common Policy
Conditions? Answer: The names of the insured and the insurer
⩥ What peril is covered under the Basic, Broad, and Special Causes of
Loss Forms? Answer: windstorm
⩥ Which of the following types of property may be covered under a
Building and Personal Property Coverage Form? Answer: hay and grain
inside a building
⩥ All of the following are Additional Coverages in the Building and
Personal Property Coverage Form EXCEPT? Answer: peak season
coverage
, ⩥ Which of the following coverage forms pays for loss of income during
the period a business is shut down due to a covered property loss?
Answer: business income
⩥ Broad covers Answer: basic plus fallen objects, ice/snow/sleet, and
water damage
⩥ Special covers Answer: all open perils
⩥ Inventory Answer: furniture, fixtures, machinery, equipment, and
stock
⩥ Which of the following endorsements provides coverage for the
increased costs of construction due to the enforcement of a building,
zoning, or land use law? Answer: ordinance or law endorsement
⩥ Sold Answer: product away from store
⩥ Which of the following is true concerning products liability coverage?
Answer: The loss must occur away from the insured's premises
⩥ Which of the following is NOT a completed operations exposure?
Answer: sales of insurance
HUNDRED EXAMINATION PREP
QUESTIONS ANSWERS EXPERT
VERIFIED
⩥ Which of the following is not included on the Common Policy
Declarations? Answer: policy changes
⩥ Which of the following is not included in the Common Policy
Conditions? Answer: The names of the insured and the insurer
⩥ What peril is covered under the Basic, Broad, and Special Causes of
Loss Forms? Answer: windstorm
⩥ Which of the following types of property may be covered under a
Building and Personal Property Coverage Form? Answer: hay and grain
inside a building
⩥ All of the following are Additional Coverages in the Building and
Personal Property Coverage Form EXCEPT? Answer: peak season
coverage
, ⩥ Which of the following coverage forms pays for loss of income during
the period a business is shut down due to a covered property loss?
Answer: business income
⩥ Broad covers Answer: basic plus fallen objects, ice/snow/sleet, and
water damage
⩥ Special covers Answer: all open perils
⩥ Inventory Answer: furniture, fixtures, machinery, equipment, and
stock
⩥ Which of the following endorsements provides coverage for the
increased costs of construction due to the enforcement of a building,
zoning, or land use law? Answer: ordinance or law endorsement
⩥ Sold Answer: product away from store
⩥ Which of the following is true concerning products liability coverage?
Answer: The loss must occur away from the insured's premises
⩥ Which of the following is NOT a completed operations exposure?
Answer: sales of insurance
